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(EST-3345) (Presentation Only) Estimating Overview

In order to receive proof of CEU credits, you must watch this presentation in its entirety and complete the survey.

Venue: 2020 AACE International Conference & Expo

Abstract: This presentation for estimators (or any other Project Controls professionals seeking a better understanding of estimating) is a follow-up to TCM-3430 Project Controls Overview: Putting Together the Pieces of the Puzzle. This session is based on the AACE publication Skills and Knowledge of Cost Engineering (6th Edition) Chapter 9 and provides a brief introduction to each facet of estimating including; estimate classification, required inputs and maturity level of the inputs to the estimate, planning the estimate, structuring the estimate, various common methodologies used to develop conceptual and deterministic estimates, estimate accuracy, risk analysis and contingency, the importance of integration with Cost and Schedule, documenting the basis of the estimate, and proper estimate presentation, review and validation.